The quarter ended March 2009 turned out to be real estate major DLFs worst ever quarter since its listing in June 2007.
A 72 per cent decline in consolidated sales to Rs 1,122 crore and 93 per cent dip in net profits to Rs 159 crore for the latest ended quarter compared to a year ago numbers, comes on the back of a property slump and liquidity crunch borne by real estate developers across the country.
The financials for the full year ending March 2009 appeared relatively less dismal with sales declining by 28 per cent and net profits lower by 40 per cent.
More : thehindubusinessline.com
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